Metro Ag (MEO3) PT Set at €37.50 by Commerzbank AG
A number of other brokerages have also issued reports on MEO3. Baader Bank set a €35.00 ($38.46) target price on shares of Metro Ag and gave the stock a buy rating in a research report on Tuesday, August 2nd. DZ Bank AG restated a buy rating on shares of Metro Ag in a research report on Tuesday, October 4th. Societe Generale set a €22.00 ($24.18) price objective on shares of Metro Ag and gave the company a sell rating in a research report on Friday, June 17th. BNP Paribas set a €26.50 ($29.12) price objective on shares of Metro Ag and gave the company a neutral rating in a research report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. set a €27.80 ($30.55) price objective on shares of Metro Ag and gave the company a neutral rating in a research report on Wednesday, August 31st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of €30.21 ($33.20).
Shares of Metro Ag (ETR:MEO3) opened at 25.09 on Thursday. Metro Ag has a 12 month low of €19.97 and a 12 month high of €26.00. The stock has a 50 day moving average of €24.85 and a 200-day moving average of €24.82. The firm has a market capitalization of €8.60 billion and a PE ratio of 8.09.
About Metro Ag
Metro AG is a Germany-based holding company and international retailing company. It operates numerous outlets in various countries in Europe, Africa and Asia. The Company operates a portfolio of sales brands, which offers a range of services for private and commercial customers. The portfolio comprises Metro Cash & Carry brand, which is active in the self-service wholesale industry, Real hypermarkets brand, which operates the Real stores across Europe offering both food and non-food products; Media Markt brand, which is active on the European market in the consumer electronics retailing industry; Saturn brand, which operates consumer electronics stores, and Galeria Kaufhof brand, under which the Company operates department stores in Germany and Belgium.
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